30 Aug Consumer Confidence Climbs to Highest Level in Nearly a Year Consumer confidence increased to an almost one-year high in August as Americans became more optimistic about the labor market, according to a report from the New York-based Conference Board on Aug. 30. Read more...
30 Aug Ritchie Bros. in Agreement to Acquire IronPlanet for $758.5 Million Industrial auctioneer Ritchie Bros. Auctioneers Inc. and IronPlanet, an online equipment marketplace, have entered into an agreement under which Ritchie Bros. will acquire IronPlanet for about $758.5 million. Read more...
30 Aug Oil Discoveries at 70-Year Low Signal Supply Shortfall Ahead Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year, they'll probably find even less, spurring new fears about their ability to meet future demand. Read more...
30 Aug 167-Year-Old Railroad Tests Skies for Drone Age BNSF Railway Co. is flying drones as far as 150 miles along the New Mexico desert to inspect tracks, helping the Federal Aviation Administration develop rules for operating unmanned aircraft beyond the pilot's line of sight. Read more...
30 Aug Odyssey Logistics Constructing Transload Facility in Joliet, Illinois Odyssey Logistics & Technology Corp. said it has begun construction of a new 121,680-square-foot metals transload facility in Joliet, Illinois. The facility will be operated by Odyssey's subsidiary CMI Logistics. Read more...
30 Aug Seventh Largest Container Shipping Company One Step Closer to Bankruptcy SEOUL - Hanjin Shipping Co.'s banks are halting support for the South Korean company, its lead creditor said, making it likely the nation's largest shipper is headed for bankruptcy as it is dragged down by a deep global industry downturn. Read more...
30 Aug New Texas Nonprofit Advocates for Local Trucking Companies A new nonprofit organization in Laredo, Texas, that aims to help and support trucking companies planned its grand opening for Aug. 30. Read more...
29 Aug Diesel Average Rises 3.9¢ to $2.409, 10.5¢ Cheaper Than Year Ago The U.S. diesel average price rose 3.9 cents to $2.409 per gallon last week, according to the Department of Energy, as the price of crude hovered near $47 amid speculation the glut of oil could be easing. Read more...
29 Aug Highway Fatalities Jumped 7.2% Last Year U.S. highway fatalities in 2015 jumped 7.2% to 35,092, an increase of 2,348 deaths from 2014, the U.S. Department of Transportation reported Aug. 29. Read more...
29 Aug Peterbilt Offers New Advanced Safety Systems, Lightweight Components for 567 and 579 Models Peterbilt Motors Co. now offers the Bendix Wingman Fusion advanced driver assistance safety system, which includes lane departure warning, enhanced collision mitigation and in-lane object recognition for its 579 and 567 over-the-road and vocational models, respectively. Read more...